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Kotak Premier Life Plan

A non-linked participating whole life plan

Life is all about enjoying the comforts and conveniences that you build for yourself. It also brings along the additional responsibility of securing your tomorrow and that of your family. Kotak Premier Life Plan is designed to protect your life right up to your 99thbirthday. It is a limited premium paying participating whole life plan, where you can choose to receive bonus payouts even after premium payment term expires. You can utilise these payouts to take care of your financial commitments, build a retirement corpus for a worry-free life or even create a legacy for your children and grandchildren to cherish.

How it works

Mr. Sharma decides to invest in the plan by selecting a Sum Assured on Maturity, Premium Payment Term and Premium Frequency as per his convenience.

He chooses the Bonus Option of “Paid-Up Additions” – that allows him utilize the bonuses under the policy to purchase Paid-Up Additions and accumulate corpus.

He continues to pay the Premium for the specified duration

At the end of the Premium Payment Term; accrued Simple Reversionary Bonuses till then will be utilized to purchase “Paid-Up Additions”; thereafter at the end of each policy year, the Cash Bonus declared will get utilized to purchase further Paid-Up additions

Mr. Sharma will have the option of en-cashing from the “Paid-Up Additions” to meet interim financial needs

At the end of the policy term, Mr. Sharma will receive the following

Sum Assured on Maturity PLUS

Accrued Paid-Up Additions (if any) PLUS

Terminal Bonus

Key features

Participating whole life plan

With protection up to the age of 99 years

Simple revisionary bonus

Declared from 1st policy year till end of premium payment term and cash bonus after expiry of premium payment term

Receive bonus payouts

Or accumulate them under the policy

More value for money

Through discount in premium for high Sum Assured on maturity and female lives

Thank you

Call our toll free number and our representative will help you buy the most suitable plan.

Read about Tax benefits & Plan Disclaimer

Tax Benefits & Disclaimers

You may avail of tax benefits under Section 80C and Section 10(10D) of Income Tax Act, 1961 subject to conditions as specified in those sections. Tax benefits are subject to change as per tax laws. You are advised to consult your Tax Advisor for details.

Terms & Conditions:

This is a non-linked participating whole life plan. For sub-standard lives, extra premium may be charged based on KLI’s underwriting policy. For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale. For details on riders, please read the Rider Brochure.

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BEWARE OF SPURIOUS / FRAUD PHONE CALLS
IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

Beware of spurious emails with ficticious/fraudlulent offers. Persons receiving such emails mentioning Kotak Life are requested to highlight the same immediately to kli.riskcontrol@kotak.com with "Spurious Email" in the subject line.

Trade Logo displayed above belongs to Kotak Mahindra Bank Limited and is used by Kotak Mahindra Life Insurance Company Ltd. (formerly known as Kotak Mahindra Old Mutual Life Insurance Ltd.) under license.